Word: ambani
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...Seebeck's not kidding about heavy hitters. Among the franchisees is Reliance Industries chairman Mukesh Ambani, the world's 14th richest man, with an estimated net worth of $20.1 billion. Not quite as wealthy but rather more flamboyant is Vijay Mallya, known for throwing lavish parties in his home city of Bangalore and for his co-ownership of the Force India Formula One team. The enterprise's big guns aren't fooling: "We want the IPL to be one of the icon brands in the world," says IPL chairman Lalit Modi, "and we are going to push everything that...
...face of growing opposition, India's retail heavyweights are digging in. "We stand committed to what we have set out to achieve," Mukesh Ambani, chairperson and managing director of Reliance Industries, told shareholders at the annual general meeting last week, adding that resistance to big retail would abate once benefits begin to show. Another conglomerate, the $4.5 billion Mahindra Group, announced plans to enter the organized retail fray on the same day as the Mumbai protest. India's government, in a possible attempt to placate its leftist partners, has commissioned a study on the impact of organized retail on small...
...past 15 years, its economy has grown fast. Nevertheless, India could (and must) have much more human equality. The country is home to the largest number of poor and malnourished. And yet, as mentioned in your June 18, 2007, issue, the estimated cost of billionaire Mukesh Ambani's planned 27-floor mansion in Mumbai is $1 billion, more than the combined annual income of half a million such Indians. As long as excessive bureaucracy and rampant corruption are not tackled, the dreams of equality and inclusive development will remain out of reach. Ramesh Chandra Agrawal, Berlin...
...past 15 years, its economy has grown fast. Nevertheless, India could (and must) have much more human equality. The country is home to the largest number of poor and malnourished. And yet, as mentioned in your June 18, 2007, issue, the estimated cost of billionaire Mukesh Ambani's planned 27-floor mansion in Mumbai is $1 billion, more than the combined annual income of half a million such Indians. As long as excessive bureaucracy and rampant corruption are not tackled, the dreams of equality and inclusive development will remain out of reach. Ramesh Chandra Agrawal, BERLIN
...coincidental: "The film is purely fictional and could be based on anyone's life." Sure, and Citizen Kane wasn't inspired by the life of William Randolph Hearst. Guru's plot frequently references Dhirubhai's life story. And unlike Kane, this movie dispenses with the muckraking for hagiography. The Ambani estate is protective of its founder's legacy, but at least two members of the family gave their blessing to Guru's stars: Dhirubahi's son Anil Ambani, chairman of Reliance Capital, attended the Ash-Abhishek engagement party with his wife, the former Bollywood actress Tina Munim...